Primer: ZKH Group (ZKH US) - Aug 2026
ZKH Group is a leading player in China's large and growing Maintenance, Repair, and Operations (MRO) procurement services market, a sector that...
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Pre-IPO JD Industrials - Thoughts on Valuation, IPO Pricing, and the Outlook
The IPO pricing of JD Industrials (HK$14.1/share) is in line with our analysis and is fairly priced in our view. However, as analyzed in the...
830 Views
JD Industrials IPO Trading - Decent Pricing but Weakish Demand
JD Industrials (7618 HK) raised around US$383m, after pricing in its Hong Kong IPO at the mid-point. Demand overall was weakish.
577 Views
JD Industrial IPO: Structural Efficiency, Asset Light Model, Upscaling Paves Way for Growth
JD Industrial launched IPO to raise up to HK$3.3B for supply chain enhancement, expansion, and strategic investments. Strong growth and expanding...
498 Views
JD Industrials (7618 HK) IPO: Only Attractive if Priced Cheaply
JD Industrials is China's largest MRO player, but its IPO price of HK$15.5 suggests a high valuation, limiting upside. To make it attractive, it...
594 Views